#BTC☀ #TrendingPredictions #Altcoins👀🚀 #CryptoTradingGuide
Before reading this post please read this post first(BTC Price).
In the previous post, I explained why I am bearish at the moment and the price will go to $59,138.

As you can see, Price delivered beautifully. The trade was very nice. For now, I will not trade, I will just see what the market does in the next couple of days. This week could be a range market. I will let you know if I find something interesting.

If you have any questions, feel free to ask in the comment section.
(Note: If anyone is wondering I trade Futures. So, whether the market is bearish or bullish, it doesn't affect me. I make money from both sides 😁😁😁)

#BTC☀ #altcoins #tradeidea

Since, the TP was hit beautifully, it's time for next trade set up.

For those who don't know, I trade futures. I like it, because I can trade when market is going up as well as when it's going down.

I decide my daily bias from daily or weekly candles. Like the other post(You can see it here BTC Price), I talked about price going down to 64500 was because there was a Fair Value Gap in 64577 in daily chart.

I am bearish until btc price hit $59,168. Why is that?
There is a Fair Value Gap in weekly. And I am anticipating price will go to that point.

(Note: It is just confluence factor of my bias. I do not enter trade based on this.)

Comment below, if you guys want me to break down how I enter for a trade.

#Beginners #Beginnersguide #FairValue
Fair Value Gap - 4
The CONSEQUENT ENCROACHMENT (C.E)

The consequent encroachment is simply the midpoint or 50% equilibrium level of a FVG.

A — Sellside Imbalance Buyside Inefficiency (SIBI)
In the case of SIBI, the C.E can play the role of a resistance level, and ideally the price should close below the C.E. Keep in mind that a candle whose body closes above the FVG high renders this bearish FVG invalid (this situation is called Fair Value Gap Inversion as the bearish FVG becomes a support level for the price)

B — Buyside Imbalance Sellside Inefficiency (BISI)
In the case of BISI, the C.E acts as a support level, and ideally the price should close above the C.E. Keep in mind that a candle whose body closes below the FVG low renders this bullish FVG invalid (this situation is called Fair Value Gap Inversion as the bullish FVG becomes a resistance level for the price)

To read the previous part Fair Value Gap - 3

#BTC☀ #tradeidea #altcoins

In my previous post about btc price prediction BTC Price I said that btc will go down to 64,500. Why did I said that?

I have a few posts about Fair value gap where told about this in details. The price most of the goes for this kind of gaps. Which are usually formed because of the big institutions. These gaps are like a sign that big money came in here and it works like a magnet.

Another confluence was that the $BTC price is in the edge of the bullish trend. For retail traders that is a buying signal. And most of them will put their stop loss below the 64500 price. Because if the price could break that point it can indicate bearish movement(from retail point of view).

It was a good profitable day for me. The price can still go down further. I am currently holding bearish sentiment untill price takes out the sell side liquidities.

If you have any questions or suggestion please free to ask in the comment section.

$BTC #Beginners #tradeidea

$BTC is in a very crucial point. I am anticipating BTC will break this trendline and claim sellside liquidity before it goes higher.

So, if you are planning to buy, i would suggest don't buy here. And if you are a future trader than it could be a great opportunity to look for sell. I will be looking for sells.

Since, most of the markets move according to $btc i would also expect other coins like $SOL , $JASMY etc. to go down as well.

#FairValue #begineers
Fair Value Gap - 3

Check out the Fair Value Gap - 2.

III — Sellside Imbalance Buyside Inefficiency (SIBI)
A bearish FVG is a SIBI. A SIBI is made up of 3 consecutive candlesticks :
1- The low of the first candle is the FVG high
2- The second candle is a displacement in price
3- The high of the third candle is the FVG low

Sellside Imbalance Buyside Inefficiency (SIBI) because during the second candle there was only sellside offered to the market so there’s a Sellside Imbalance and because there is no buyside being offered there’s a Buyside Inefficiency.

#FairValue #ict #Beginners
Fair value gap - 2

Buyside Imbalance Sell-Side Inefficiency (BISI)
A bullish FVG is a BISI. A BISI is made up of 3 consecutive candlesticks :
1- The high of the first candle is the FVG low
2- The second candle is a displacement in price
3- The low of the third candle is the FVG high

Buyside Imbalance Sellside Inefficiency (BISI) because during the second candle there is only buyside offered to the market so there’s a Buyside Imbalance and because there’s no Sellside being offered there’s a Sellside Inefficiency.

You can read about the Fair Value Gap - 1 here. If you find the post informative, follow and like the post.
#Beginnersguide #BeginnerTrader

#BeginnerTrader #Beginners #Risk_Management
Risk management - 2
Anyone if you haven't read the risk management - 1.

I was talking about the how you can loose your entire account even if you have a 90% winning strategy.

let's look at the math,
In 100 trades if you have 90% winning strategy then, it means you win 90 trades out of 100 trades. That's a very high winning rates even the professional traders doesn't have that much.

But now, we should focus on the loosing side. You can loose 10 trades. If you have a poor risk management, like I described in my previous post risk management - 1 you can loose your profits of 90 trades along with your initial balance.

This loosing cluster can occur at anytime. It can occur at the very beginning of your trading or after 10 winning trades, or 34 or 76 winning trades. But when it comes if you have a risk plan that is, the 20% of your total balance then, this cluster can wipe you out entirely even you won a lot of money.

Another very important thing that i have seen in the community that people promote trading without stoplosses. To me, that's someone who is gambling, not trading.

I will talk about stoplosses , why it's important in my next post.

If you have any questions you can ask in the comment, i will try my best to answer it.

#Beginnersguide

#ict #FairValue

Fair Value Gap -

Fair Value Gap is a range in Price Delivery where one side of the Market Liquidity is offered and typically confirmed with a Liquidity Void on the Lower Time Frame in the same range of price. Price can actually ‘gap’ to create a literal vacuum of trading thus posting an actual Price Gap.

The ICT FVG is a particular price pattern observed within a three-candle sequence on a price chart. It is characterized by a large central candle surrounded by neighboring candles with upper and lower wicks that do not fully overlap the range of the large candle. This configuration signals a swift price surge or decline that transpires so rapidly that buyers or sellers cannot effectively counteract it, resulting in a market imbalance.

ICT FVG usually happens within the ‘Displacement’. In fact, after the price reaches a liquidity level (old high/low, run on liquidity pools or turtle soup) and then reverses, a very powerful move in price action resulting in strong selling or buying pressure will occur. This aggressive move in price is called ‘Displacement’. Generally speaking, displacement will appear as a single or a group of candles that are all positioned in the same direction. These candles typically have large real bodies and very short wicks, suggesting very little disagreement between buyers and sellers.

In the next post, I will try to explain more about FVG. Follow me to learn more.
#BeginnerTrader #Beginnersguide #Beginners

#LatestNews #Ripple💰 #xrp #XRPnews
Ripple has submitted a response letter bolstering its Motion to Seal documents amid the ongoing legal clash with the U.S. Securities and Exchange Commission (SEC). This move by Ripple aims to maintain confidentiality around certain materials filed in connection with the SEC’s Motion for Judgment and Remedies.

James K. Filan, a prominent figure in the XRP community, shared insights on Thursday regarding Ripple’s recent legal maneuver. Notably, Ripple’s submission, addressed to Hon. Analisa Torres of the United States District Court in New York, argued that disclosing current financial statements, especially those pertaining to years following the alleged misconduct, is irrelevant to the court’s analysis.

Notably, the company argued against the SEC’s claim that information about Ripple’s financial condition is crucial to determining remedies for its historical conduct. Furthermore, Ripple emphasized the need to maintain confidentiality around past contracts, highlighting potential leverage future counterparties could gain if such details were made public.

The reply letter also rebutted the SEC’s assertion that Ripple’s historical contracts are no longer relevant due to changes in its XRP sales methods. Ripple clarified that while its sales approach may have evolved, the terms of past contracts remain commercially significant and could provide valuable insights into the company’s current business practices.
The letter comes even as Ripple’s CEO, Brad Garlinghouse, actively advocates for favorable cryptocurrency regulations alongside those of other industry leaders. Recently, the businessman applauded the passage of the FIT21 bill, which is seen as a legislative victory for the crypto community, while expressing confidence in Ripple’s favorable outcome in the SEC lawsuit.
That said, amidst these legal developments, XRP’s price struggles to gain momentum, with months of consolidation resulting in a Doji Candle formation on the monthly timeframe, indicating indecision among buyers and sellers.

#Beginnersguide #RiskManagement
RiskManagement - 1
We all started trading seeing someone become millionaire or someone told us that we can become millionaire in no time. But nobody told us about the risk involved in trading.

Let me break it down in my own words.

You are beginner and you have $100 in your account. What should be your risk in each trade?
Some might say, I would risk 20$ in each trade.
Okay! 20$ might seem that you haven't risked too much but if you look at that in perchantage you will notice that it is actually 20% of your total account.
20% risk in 1 trade that's way too much risk, nobody should do that. if you loose only 5 trades your entire account is gone.🙃

And let me tell you, 5 continues loss in trade is very very common. Even if you have a 90% winning strategy, you can enter a losing cluster.

I will explain it in detailed in my next post.

Follow me to learn more.
#BeginnerTrader

#Beginnersguide
We should consider trading as a business. Many of us take trading as a get rich scheme 🤑.

But trading is more than that. You have to have patience for the right time when market provide you with an opportunity. Even with right timing you may loose. That's why you need have good risk management plan.

I will to cover 2 important topics on my upcoming posts.
1. Risk management
2. Stoploss and Take Profit placement.

I will try to give you all valuable insights and trading tips. Follow me to learn more.
#BeginnerTrader #beginner #TradingTips